Mr. Phan Van Mai, Chairman of the HCMC People’s Committee, approved an ordinance empowering the Thu Duc City People’s Committee and districts to decide on land prices.

To compensate when the State withdraws land; collect fee for using resettlement land when it is delivered; calculate the costs of using land and rent land when the State allocates or leases land; or transfer the land use purpose for households and individuals; and set the land cost for the area exceeding the quota when the State recognizes residential land use right for households and individuals, Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai signed the Decision authorizing the Thu Duc City People’s Committee, districts to vote on specific land prices on August 14.

The districts and Thu Duc City are responsible to the government and relevant ministries for the allowed contents and must not authorize companies, organizations, and individuals to carry out the assigned duties. If obstacles grow during implementation, they must swiftly provide documents to relevant departments for consideration and solution or report to the People’s Committee of Ho Chi Minh City.

The Decision will be implemented from September 1, 2023. The Department of Natural Resources and Environment will submit relevant documents to the cit’s land price appraisal council before the implemented date. The city land price appraisal council will continue to appraise the documents and submit them to the People’s Committee of Ho Chi Minh City for approval.

SGGP News